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THE FINANCIAL ANALYTICAL
POWER OF A CLUBTRAX POS SYSTEM INSTALLED IN A STRIP CLUB
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ANDY GROVE FOUNDER CEO INTEL CORP: "You can't manage what you can't
measure"
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Owners: ClubTrax is a robust
POS system designed to track theft, waste and lost profits.
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Do not waste your money on
installing ClubTrax unless you are passionate about every dollar
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hitting the cash register. WARNING: Do not install
ClubTrax without a digital or rotary turn style
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customer counting system that
tracks customer coming in and going out and re-enters.
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Answer the following
questions. Check Yes or No
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Yes
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No
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Do you have a deep menu POS system
installed that tracks all sales channels with detailed reports?
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X
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Do you have written policies and
procedures to combat employee and managers theft?
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X
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Are your theft polices derived from
verifiable forensic accounting data pulled from your POS?
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X
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Do you have real time daily, monthly,
quarterly spreadsheet analytics of you K.P.I. key profit indicators?
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X
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DOOR Lost revenue from the door theft is rampant
in most strip clubs
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Do you have a customer door counter
system? Mandatory
to detect theft using ClubTrax
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X
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Do you understand why accurate customer
counts are the foundation for trend line statistical analysis?
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X
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Do you know how many customers paid to
get in your club on a daily monthly yearly basis?
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X
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Do you know how many customers get in for
free and why? Are they big spenders or
just friends?
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X
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Do you know what customers deserve a VIP
card based on their purchases?
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X
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Do you know what your average customer
ticket is? Is it going up or down -
why?
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X
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BEVERAGE Your pour cost should be in
12% - 17% not 19% -25%
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Do you have a spreadsheet analysis to
breakdown cost, pricing and profit margin for each drink?
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X
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Inventory Variance - Price Parity
Analysis - First in First Out Inventory Control - Dead Inventory
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X
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Are your par sheets for inventory
purchased correctly organized and check reguarly?
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X
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Comps Control Policy (Free Drinks) - Over Pouring - High Spillage - Brand
Duplication Waste
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X
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Do you understand the impact on profit
margins glassware size and type can make?
Ice cube size?
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X
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Do you know why you a charging a specific
amount for drinks? What's the
cost/profit analysis?
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X
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Do you allow incremental pricing .25 -
.50 cents in your pricing? NO - Your
losing BIG MONEY!!
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X
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Do you know the profit margins difference
of pouring - 1.25 oz. - 1.50 oz. - 2
oz. NO-Losing Big Money?
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X
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Can you track every individual champagne
and bottle sale 24/7 365 Clubtrax can!
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X
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Do you know how much Red Bull, soft
drinks, and bottled water you are giving away to staff and customers
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X
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Do you do beer inventory every
night? No - your losing beer sales
from theft and bartender freebies!
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X
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Old School Manager Talk "Were A High
Volume Sales Club No Need To Analyze Net Profit Margins"
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HOUSE FEES Manager /
Owner Favoritism For Not Charging "Pet" Dancers Is Common = Lost
Revenue
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Are you house fees tracked on your POS
system to detect uncollected fees and manager skimming.
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X
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Clubtrax logs dancers in/out and tracks
all dancer, room and dance fees easy - fraud detection.
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X
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DANCES - ROOMS This unrecorded income
is commonly ripped off viq kickbacks to floor men managers
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Are single dances and rooms entered in
your POS? What checks and balances do
you have for theft?
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X
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Not tracking dance revenue
through your POS system allows for massive theft and no accurate
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records to protect against
minimum wage lawsuits.
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PROMOTIONS - FEATURES - DRINK
- BOTTLE SPECIALS - UPSELLS FACT MOST
PROMO'S LOSE MONEY
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Do all your promotional products have a
separate POS entry menu button for forensic tracking?
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X
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Do you really know you cost/profit
margins or your promotions? How much
profit are you losing?
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X
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Old school promo talk "We need asses
in the seats - so we need to give away the door and bar"
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X
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Do your managers know the promotional
break even 1:3 math rule? I have yet
to meet one!
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X
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CONCLUSION: DO MOST STRIP CLUBS
SCORE A FAILING GRADE OF F+
CHECK YES
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X
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Most strip clubs are owned and operated
by individuals with little or no college level degrees in
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hospitality management, accounting, or business financial analysis.
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The management culture of this industry
is built on the gross sales "front end" keep the party going
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concept with little to zero focus on
"back end" analytics. This
myopic approch to stip club mangement
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flushes massive amounts of "lost net
profits" down the toilet or into the pockets of dishonest employees.
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